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Wall Street sets new records; large-caps rally

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Reuters NEW YORK
Last Updated : May 15 2013 | 1:55 AM IST

NEW YORK (Reuters) - U.S. stocks rose to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help drive the rally further.

The Dow Jones industrial average shot up 123.57 points, or 0.82 percent, to end unofficially at a record 15,215.25. The Standard & Poor's 500 Index jumped 16.57 points, or 1.01 percent, to finish unofficially at a record 1,650.34. The Nasdaq Composite Index climbed 23.82 points, or 0.69 percent, to close unofficially at 3,462.61.

(Reporting by Angela Moon; Editing by Jan Paschal)

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First Published: May 15 2013 | 1:39 AM IST

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